For the past 20 years, companies across the country have focused on investing money in one of the most important aspects of business operations: their employees. According to Gregory Duhon, M.D., companies are realizing tremendous direct and indirect benefits by offering comprehensive wellness programs to their employees.
Today, wellness programs are no longer just a nice-to-have. In fact, they are essential for companies that want to attract and retain top talent. Below are some of the ways employee wellness programs generate impactful positive ROI for the companies that offer them.
Recruitment and retention
When a company invests in the overall well-being of its employees, it shows that it cares about its employees. In today’s competitive job market, this has become an important aspect of recruitment and retention.
Employees are no longer motivated solely by pay; everything else about their work is now more important. If your company doesn’t offer a comprehensive wellness program, you’ll have a hard time competing with other companies in the market who are also looking to attract top talent.
Companies that offer packages that include not only medical insurance but also paid time off, mental wellness resources, and more can strategically position themselves at the top of the food chain for future workers.
cost reduction
Investing in employee wellness programs reduces costs in a number of areas. Companies that offer these programs are actually more likely to have lower medical costs.
From 2002 to 2008, Johnson & Johnson reported saving $250 million in health care costs by investing in employee wellness programs. For every dollar the company spent on wellness programs, he received $2.71 in return.
The Harvard Business Review study also found that, on average, companies experience an ROI of $1.50 to $3 for every dollar spent on these programs.
There are few other aspects of business that can bring such benefits to a business and have a lasting impact not only on the company but on the lives of all of its employees.
Improved productivity
The main reason why employee wellness programs lead to such significant cost savings is the increased productivity they result in. As Dr. Gregory Duhon points out, there is a direct correlation between employee productivity and health.
When employees feel mentally, emotionally, and physically healthy, they’re more likely to bring their “A-game.” This comes from several different aspects.
First, if your employees are physically healthy, they can come to work more often. Employees who are frequently injured or sick, or who have to care for injured or sick family members, take time off from work, which reduces production.
Second, when employees feel mentally and emotionally healthy, they feel more present, happier, and more engaged in the work at hand. Motivated employees are more likely to always give their best.
Employee wellness programs can do wonders for keeping your employees healthy, which in turn helps you build a healthy business.
About Dr. Gregory Duhon
Dr. Gregory Duhon is the driving force behind American Consulting Physicians, a pioneering telemedicine venture. As an accomplished internist and hospitalist with a deep understanding of ICU, emergency room, and crisis/pandemic management, Dr. Duhon leverages his expertise to serve patients in Alabama, Arizona, Colorado, and more.
His expertise in complex conditions and his drive to expand his patient care underscore his commitment to improving healthcare. Beyond his business pursuits, Dr. Duhon’s diverse interests include Ironman training, culinary pursuits, his passion for growing fruit, and a dedication to accessible and superior medical advances.
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